Dividend income report – September 2014

For those of you new to this site, a monthly dividend income report is posted near the end of the month to track my progress toward the financial freedom.

This is my fourth detailed dividend income report. I hope this report helps me to track my progress toward my short-term and long-term goals, and provides inspiration to new investors (you and me as well) to start dividend investing to reach their financial freedom.

September was an another wonderful month for dividends. Usually, I receive big pay cheques from my stock portfolios in March, June, September and December.

In September 2014, I received $426.06 dividend income from my wonderful stocks which is 65.86% higher than the dividend income I received in September 2013.

Summing up all the dividends I received throughout the year, I came up with $2684.40. One of my short-term goals is to receive $3500 dividend income during the year of 2014. So far, I achieved 76.70% of the goal. Hopefully, I will exceed this goal because there are some nice dividend increases ahead in my portfolio.

Here is the breakdown of the dividend income:

Dividend income from Canadian dividend portfolio

• Canadian Utilities Ltd (CU) $66.88
• Enbridge Inc (ENB) $35.00
• Fortis Inc Cash Div (FTS) $48.00
• Tim Hortons Inc (THI) $16.00
• Bmo S&P/Tsx Laddered Pfd Sh Index Etf (ZPR) $2.55
• Bmo Equal Weight Utilities Index Etf (ZUT) $2.08
• Dream Global Real Estate Invt Tr (DRG.UN) $3.33
• Inter Pipeline Ltd Com (IPL) $5.38
• Northland Power Inc (NPI) $4.50
• Saputo Inc Cash (SAP) $13.00
• Suncor Energy Inc (SU) $5.60
• Brookfield Infrastructure Partners L P (BIP.UN) $52.93
• Brookfield Renewable Energy Partners Lp (BEP.UN) $21.34
• Ishares S&P/Tsx Cdn Pfd Share Index Etf (CPD) $6.21
• Ishares 1-5 Yr Laddered Corp Bd Index Etf (CBO) $3.71
• Ishares S&P/Tsx Capped Reit Index Etf (XRE) $4.92
• Ishares Diversified Monthly Income Etf (XTR) $8.40
• Ishares Canadian Select Dividend Index Etf (XDV) $7.44
• Ishares Canadian Hybrid Corporate Bond Index Etf (XHB) $1.99
• Ishares S&P/Tsx North American Preferred Stock Index Etf (XPF) $1.92
• Canadian National Railway Co (CNR) $5.00
• Cineplex Inc (CGX) $2.50
• Cenovus Energy Inc (CVE) $29.28
• Firm Capital Mortgage Investment Corporation (FC) $7.80

Total: $355.76

Dividend income from U.S dividend portfolio

• Aflac Inc (AFL) $5.55
• Wells Fargo & Co (WFC) $5.25
• Exxon Mobil Corp (XOM) $13.80
• Wal-Mart Stores Inc (WMT) $14.40
• Ishares U S Preferred Stock Etf (PFF) $2.86
• Exxon Mobil Corp (XOM) $13.80
• Mcdonalds Corp (MCD) $4.05
• Spdr Ser Tr S&P Dividend Etf (SDY) $7.20
• Ishares Mortgage Real Estate Capped Etf (REM) $3.39

Total: $70.30

Total dividend income for September 2014 is $426.06

Projected passive income

My projected passive dividend income is currently at $3719 per year, increased by $215 from last update. Last month, I sold my Tim Hortons shares and bought couple of other companies – I will update this information in few days. Also, I reinvested a small portion of dividend income to purchase couple of iShares diversified monthly income ETFs(TSX:XTR ) in my registered account. Also, few stocks (MCD, EMA, etc) in my porfolio hiked their dividends payments.

One of my long-term goals is to generate $25 000 per year passive income from dividends/distributions in 10 years. I achieved 14.88% of this goal.

Happy investing and let the money work us.

Thank you for being in my Finance Journey!!

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